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Surrey Road, Reading, Berkshire - Image 1
Surrey Road, Reading, Berkshire - Image 2
Surrey Road, Reading, Berkshire - Image 3

Surrey Road, Reading, Berkshire

South East

£235,000Guide Price

Listed on 08/10/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
889 sqft

Description

This vacant terraced house in Reading presents a promising opportunity for those looking to invest in a property with potential for improvement. Featuring three bedrooms, two reception rooms, and a bathroom, the home also boasts a garden, allowing for personalisation and enhancement to suit individual tastes. Situated in the RG2 area, the property is conveniently located near local shops, schools, and essential amenities. The vibrant Reading town centre is easily accessible, offering a diverse range of shops, restaurants, and leisure facilities. Public transport options are plentiful, with regular bus services and Reading railway station providing quick connections to London and other major towns. Additionally, the M4 motorway is within easy reach for those commuting by car. The vacant status of the property offers flexibility for potential buyers, making it an attractive option for rental investment. With room for improvement and the possibility to add value, this property is well-suited for buyers seeking an opportunity in an established residential area. Offered at auction, this is a chance not to be missed.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

73out of 100
Grade BGood opportunity

Confidence: MEDIUM

This vacant terraced house in Reading presents a solid opportunity for those looking to acquire a property below local market value. With an asking price of £235,000, which equates to £264/sqf, it's significantly cheaper than the local average of £420/sqf, making it an attractive proposition for buyers aiming to add value through renovation.

While the property does require a medium-scale refurbishment, including updates to the dated interiors and garden, this presents a canvas for personalization and improvement. The living areas, bedrooms, and exterior show signs of wear, offering scope for a full refresh. With an estimated renovation budget between £40,000 and £80,000, buyers can transform this house into a desirable home or rental investment in a well-connected area close to shops and amenities. With potential for a strong return based on current local values, this property is a promising project for the right buyer.

Key opportunities

  • Acquire below local market value, allowing for significant equity growth post-renovation.
  • Scope for extensive personalization and improvement in living areas, bedrooms, and garden.
  • Potential to convert into a lucrative rental investment due to its prime location.

Key risks

  • General wear and outdated decor throughout may necessitate a comprehensive renovation approach.

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Map

Location

Surrey Road, Reading, Berkshire
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£888
Based on a loan of £176,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

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Indicative tax based on the asking price and the options you select.

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